U.K. pressures banks to reorganize or face stricter rules:

06/24/2009 | Times (London) (subscription required), The

U.K. officials are planning to crack down on major banks, a move that could boost the companies' capital costs and result in less favorable terms from trading counterparties. Banks will be pressured to ring fence their investment-banking divisions so taxpayers are not on the hook if those units collapse and deposit-taking operations are better protected.

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